Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[cbeast]

Herd mentality: 675 was juicy moments ago, 644 is now mehhh!  

Goes to say this rally is not sustainable  once momentum fades away..total bid depth pretty much unchanged on stamp/btc-e/finex.

You should have warned us moments ago.

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[molecular]

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

there was ~ 350k USD on offer at flash rate when I made that first screenshot in reply to your initial post. (https://i.imgur.com/LWgazNR.png). In second shot (2 minutes or so later: https://i.imgur.com/Jc130LP.png) they were gone

Can you actually lend borrowed USD?

If so it would seem to me he's offering at higher rates now (0.23% to 1.0%), but that might also be other people, of course.

I'm not sure what this was and wether or not it worked out for him...

[JimboToronto]

lol I wanna remind you that just yesterday we were talking about passing the $650s...

Just a little bear trap, nothing even exciting really

+1

[BTCtrader71]

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

there was ~ 350k USD on offer at flash rate when I made that first screenshot in reply to your initial post. (https://i.imgur.com/LWgazNR.png). In second shot (2 minutes or so later: https://i.imgur.com/Jc130LP.png) they were gone

Can you actually lend borrowed USD?

If so it would seem to me he's offering at higher rates now (0.23% to 1.0%), but that might also be other people, of course.

I'm not sure what this was and wether or not it worked out for him...

I don't think you can lend borrowed USD on bfx. Not sure, but I would doubt it.

btw, any bears out there can make lots of $$ by lending USD on bfx at rates like 0.1% per day. That's PER DAY.

[Mythul]

Man BTC is really going to the moon 

[magicmexican]

who need a beer?

post your BTC address

you can reward me for all my hard work i've done drawing dinosaurs during the dark bearish times : 16usm72ETaYCN4Fny6oEzYaY7LRavG37gK



Meanwhile, going back to 650, and no scary candles @6-12h charts yet

[dreamspark]

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS


who need a beer?

post your BTC address

I wont let you buy me one but Ill crack one open with u 

[akujin]

LOL! huobi  

[hodlmybtc]

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS


who need a beer?

post your BTC address

I definately could use a beer after all this action

1HoDLu7pSqbwSXK6C9rWzkHYqTwEKa6ins

Ty Adam!

[seleme]

we didn't even hit 0.236 retrace.

Can go lower but if it bounce from here then we might be after something strong.

[adamstgBit]

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS


who need a beer?

post your BTC address

I wont let you buy me one but Ill crack one open with u 

2014's get 2 beers

they need it.

post your address

[BTCtrader71]

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

Care to elaborate?

The theory is that a mysterious someone on bfx with lots of BTC took up all the USD swap offers so that he could sell a bunch of BTC and crash the market, and the market would be unable to bounce back up. Then it would drift down a little more because there would be nothing to prohibit the panic sellers from selling. For a few minutes, that is. At which time he would buy back a bunch of btc. And then release the swap offers, which would allow other traders to borrow USD and send the market drifting back up.

If my theory is true, I would expect it to drift back up slowly (slower than the crash from 680 to 620 or wherever), on low volume. So far that's what it is doing. Currently at 645 of bfx.

[adamstgBit]

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS


who need a beer?

post your BTC address

I definately could use a beer after all this action

1HoDLu7pSqbwSXK6C9rWzkHYqTwEKa6ins

Ty Adam!

1HoDL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

NICE

[cbeast]

Man BTC is really going to the moon 

Satoshi faked the moon landing too.

[Krabby]

I don't think that guy's out of coins...

[chromosoma]

Second dump wave!:)

Thanx for beer, i prefer  ale:)
1J3VVdb3ZnJ41yu6WrjXSR7smQuWmeqeCV

[magicmexican]

Looks like stamp is not done

[MatTheCat]

The theory is that a mysterious someone on bfx with lots of BTC took up all the USD swap offers so that he could sell a bunch of BTC and crash the market, and the market would be unable to bounce back up. Then it would drift down a little more because there would be nothing to prohibit the panic sellers from selling. For a few minutes, that is. At which time he would buy back a bunch of btc. And then release the swap offers, which would allow other traders to borrow USD and send the market drifting back up.

Like I have been saying, this market is manipulated to the hilt.

And have the Swap rates been returned to normal yet?

[ChrisML]

LMAO..

What a complete fucktard.

[ShroomsKit]

Second round of dumping.